IPOs next week: Six new issues and five new listings to keep primary market busy
OpenAI CEO Sam Altman is set to make a ‘killing’ from Reddit IPO “The Indian IPO market continues to be buoyont, backed inter alia by political stability, optimistic investor sentiment, a robust economy, and expectations of lower inflation and rate cuts in 2024.This positive environment is expected to fuel number of public offerings in coming couple of quarters," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. Last week, two mainboard IPOs Juniper Hotels Limited and GPT Healthcare Limited opened with the target to raise ₹2,325 crores.
Mainboard IPOs of Platinum Industries, Exicom Tele-Systems and Bharat Highways Infrastructure Investment Trust are scheduled to hit the street in the following weeks to raise ₹3,164 crores. Platinum Industries IPO opens for subscription on February 27, 2024 and closes on February 29, 2024. The IPO is a book built issue of ₹235.32 crores.
The issue is entirely a fresh issue of 1.38 crore shares. Also read: Platinum Industries IPO opens next week. GMP, review, size, other details about upcoming IPO Platinum Industries IPO price band is set at ₹162 to ₹171 per share.
Unistone Capital Pvt Ltd is the book running lead manager of the Platinum Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Exicom Tele-Systems IPO opens for subscription on February 27, 2024 and closes on February 29, 2024. The IPO is a book built issue of ₹429.00 crores.
The issue is a combination of fresh issue of 2.32 crore shares aggregating to ₹329 crores and offer for sale of 0.7 crore shares aggregating to ₹100 crores. Also read: Exicom Tele Systems IPO opens soon. GMP, date, price, review, other details about upcoming IPO Exicom Tele-Systems IPO price band is set
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